Dublin Industrial Market Dynamics, Q1 2026

Dublin's industrial and logistics market recorded 524,083 sq ft of take-up across 25 transactions in Q1 2026, representing a decline of 45% on Q4 2025, though the prior quarter was bolstered by a concentration of larger deals and is historically the strongest of the year.

Rental performance continues to demonstrate the structural strength of the market. Prime rents for larger units are transacting in the region of €13.25 to €15.00 per sq ft, while smaller, well-located prime units are achieving €18.00 to €20.00 per sq ft.

Supply is expected to remain constrained in the near term, with the development pipeline primarily comprising pre-let or built-to-specification projects. The vacancy rate is estimated to be in the region of 3.5% to 4%, and over 799,000 sq ft remains reserved from the prior quarter with many transactions in advanced stages of negotiation.